📊 According to Coinbase's David Duong, head of institutional cryptocurrency research, in his 2024 cryptocurrency market forecast report, cryptocurrency market capitalization has more than doubled this year, signaling the end of the "crypto winter." He believes the industry needs to focus on building a reliable and innovative cryptocurrency ecosystem. Duong predicts that institutional investors will continue to focus on BTC in early 2024, and BTC's price may rise due to factors like the upcoming BTC halving, U.S. interest rate policy changes, and concerns about commercial real estate. He also anticipates that BTC may outperform traditional asset classes. Duong highlights the potential impact of a BTC spot ETF approval in the U.S., which could lead to significant market changes by lowering the investment threshold and attracting more institutional investors as cryptocurrency regulations continue to evolve. 📈💼 #CryptoForecast #BTCETFApproval #CryptoMarketAnalysis